3 days Ago By ABMN Staff
CIBC Private Wealth Group LLC lifted its stake in shares of Gates Industrial Corp PLC ( NYSE:GTES – Free Report ) by 70.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,199 shares of the company’s stock after acquiring an additional 4,199 shares during the period.
CIBC Private Wealth Group LLC’s holdings in Gates Industrial were worth $205,000 as of its most recent SEC filing. Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Assetmark Inc.
lifted its holdings in Gates Industrial by 2,968.6% in the 4th quarter. Assetmark Inc.
now owns 1,565 shares of the company’s stock valued at $32,000 after purchasing an additional 1,514 shares in the last quarter. Versant Capital Management Inc lifted its stake in shares of Gates Industrial by 178.3% during the fourth quarter.
Versant Capital Management Inc now owns 2,494 shares of the company’s stock valued at $51,000 after buying an additional 1,598 shares during the period. SRS Capital Advisors Inc. lifted its stake in shares of Gates Industrial by 38.
1% during the fourth quarter. SRS Capital Advisors Inc. now owns 2,622 shares of the company’s stock valued at $54,000 after buying an additional 724 shares during the period.
Quarry LP acquired a new stake in Gates Industrial during the third quarter worth approximately $71,000. Finally, GAMMA Investing LLC grew its stake in Gates Industrial by 29.0% in the 4th quarter.
GAMMA Investing LLC now owns 5,026 shares of the company’s stock worth $103,000 after acquiring an additional 1,130 shares during the period. Hedge funds and other institutional investors own 98.50% of the company’s stock.
Gates Industrial Stock Down 6.5 % GTES opened at $15.78 on Monday.
Gates Industrial Corp PLC has a 1 year low of $15.11 and a 1 year high of $23.85.
The firm has a 50 day moving average price of $20.48 and a 200 day moving average price of $20.20.
The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.26 and a current ratio of 3.
20. The company has a market cap of $4.03 billion, a PE ratio of 21.
61 and a beta of 1.24. Insider Buying and Selling at Gates Industrial In related news, Director Fredrik J.
Eliasson bought 60,000 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The shares were acquired at an average cost of $19.56 per share, for a total transaction of $1,173,600.
00. Following the acquisition, the director now owns 188,452 shares in the company, valued at $3,686,121.12.
This represents a 46.71 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link .
2.30% of the stock is currently owned by corporate insiders. Wall Street Analyst Weigh In A number of research analysts have weighed in on the company.
KeyCorp increased their price target on Gates Industrial from $23.00 to $27.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th.
Evercore ISI increased their target price on Gates Industrial from $22.00 to $23.00 and gave the stock an “in-line” rating in a research report on Wednesday, February 19th.
Barclays decreased their price target on Gates Industrial from $26.00 to $25.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 26th.
Citigroup cut their price objective on shares of Gates Industrial from $27.00 to $24.00 and set a “buy” rating on the stock in a report on Monday, January 13th.
Finally, Royal Bank of Canada raised their target price on shares of Gates Industrial from $25.00 to $27.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th.
Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $24.
00. Read Our Latest Report on Gates Industrial Gates Industrial Company Profile ( Free Report ) Gates Industrial Corporation PLC designs and manufactures power transmission equipment. Its products serves harsh and hazardous industries such as agriculture, construction, manufacturing and energy, to everyday consumer applications such as printers, power washers, automatic doors and vacuum cleaners and virtually every form of transportation.
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